NOT LISTED FOR SALE

516 Thayer Ave Unit 201 Silver Spring, MD 20910

Silver Spring Park Neighborhood

Estimated Value: $172,000 - $193,000

2 Beds
1 Bath
950 Sq Ft
$433/mo HOA Fee

Last Sold December 20, 2018

Last sale price $129,000 $136 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,600/month

10 Days on Market

Highlights

  • Traditional Floor Plan
  • Jogging Path
  • Central Heating and Cooling System
  • Takoma Park Middle School Rated A
  • Picnic Area
  • 5-minute walk to Dale Drive Neighborhood Park

About This Home

As of December 2018

2 bedroom 1 bath condo in small garden-style bldg. Central air/heat. Wood floors and great natural light, Intercom system, Walk to Red Line or downtown Silver Spring. Sligo Creek Trail 5 minute walk great for walking, running, biking. Beautiful shared garden with dining on patio, and grill. Parking spot included. Non-pay washer/dryer in bldg. Separate dining room.TEMPOFF/Multiple offers received

Last Agent to Sell the Property

Judith Egbarin

(301) 385-4741 jegbarin@aol.com Blue Ribbon Realty License #BR98379030 Listed on: 08/31/2018

Last Buyer's Agent

Mandy Hursen

(240) 476-9959 mandy.hursen@rlahre.com RLAH @properties License #SP98363675

RLAH @properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,804

Year Built

  • Built in 1953

Lot Details

  • 44

HOA Fees

  • $433 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 950 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Dining Area

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • East Silver Spring Elementary School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 161303523212

Community Details

Overview

  • Association fees include water, laundry, management, exterior building maintenance, insurance, trash
  • Low-Rise Condominium
  • The Beverly Codm Community

Amenities

  • Picnic Area
  • Laundry Facilities

Recreation

  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,804

Year Built

Built in 1953

Lot Details

0

HOA Fees

$433 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1953
  • Special Assessment Payment: Annually
  • Special Features: 12
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Dining Area, Flat, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Room List: Bedroom 2, Bedroom 1
  • Basement: No
  • Laundry Type: Common
  • Living Area Units: Square Feet
  • Total Sq Ft: 950
  • Living Area Sq Ft: 950
  • Price Per Sq Ft: 135.79
  • Above Grade Finished Sq Ft: 950
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 19.92
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 433.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Bike Trail, Jog/Walk Path, Picnic Area
  • HOA Condo Co-Op Fee Includes: Water, Laundry, Management, Ext Bldg Maint, Insurance, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Pets - Allowed, Pets - Size Restrict
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School: EAST SILVER SPRING

Lot Info

  • Improvement Assessed Value: 112000.00
  • Land Assessed Value: 48000.00
  • Zoning: R20
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14101096
  • Tax Annual Amount: 1803.94
  • Assessor Parcel Number: 161303523212
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Dec 20, 2018
Sold by
Larson Scott and Laney Sara
Bought by
Dorell Virginia Knapp
Seller's Agent
Judith Egbarin
Blue Ribbon Realty
Buyer's Agent
Mandy Hursen
RLAH @properties
List Price
$129,000
Sold Price
$129,000
Current Estimated Value
$184,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,175
Avg. Annual Appreciation
5.19%

Purchase Details

Closed on
Nov 30, 2006
Sold by
Five Sixteen Thayer Avenue Llc
Bought by
Larson Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,980
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2006
Sold by
Five Sixteen Thayer Avenue Llc
Bought by
Larson Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,980
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dorell Virginia Knapp $129,000 Logan Title
Larson Scott $249,900 --
Larson Scott $249,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larson Scott $49,980
Previous Owner Larson Scott $199,920
Previous Owner Larson Scott $199,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2018 12/20/18 Sold $129,000 0.0% $136 / Sq Ft
09/10/2018 09/10/18 For Sale $129,000 0.0% $136 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
09/09/2018 09/09/18 Off Market $129,000 -- --
08/31/2018 08/31/18 For Sale $129,000 -- $136 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,461 $171,667 -- --
2024 $2,461 $170,000 $51,000 $119,000
2023 $2,424 $168,333 $0 $0
2022 $2,284 $166,667 $0 $0
2021 $2,209 $165,000 $49,500 $115,500
2020 $2,159 $163,333 $0 $0
2019 $1,425 $161,667 $0 $0
2018 $1,809 $160,000 $48,000 $112,000
2017 $1,111 $156,667 $0 $0
2016 -- $153,333 $0 $0
2015 $1,433 $150,000 $0 $0
2014 $1,433 $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Judith Egbarin

    Seller's Agent in 2018

    Judith Egbarin

    Blue Ribbon Realty

    (301) 385-4741

    47 Total Sales

    Judith Egbarin
    Section Image
  • Mandy Hursen

    Buyer's Agent in 2018

    Mandy Hursen

    Real Living at Home

    (240) 476-9959

    168 Total Sales

    Mandy Hursen
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002353792

Bright MLS

APN: 13-03523212

Maryland Montgomery County Silver Spring 20910 Silver Spring Park

516 Thayer Ave Unit 201, Silver Spring, MD

Not Listed for Sale

Condos

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